Weekly independent. [volume] (Elko, Nev.) 1887-1914, 1887-12-11
CONGRESSIONAL.
wasHISGrox. Dec. 5. lSS

... .a H
The House organized by the election
OF Carlisle As Speaker. In his aiiress
he dwrIt with much. stress on the i'm
peratiye necessity Of such u moderate
and reasonable reduction Of the tGrig Is
would guarantee laboEing people sgains;
the effect Of financial. depression, aud
at the same time not deprive men Of
II part OF the just rewards Of their
toll.
elect Senator Hoar made objection to
the administration OF the oath to Fauli-
mer OF West Virginia, until certain qucs-
iIous to which his credentials gave rise.
should be PASSED upon by the Commit
tee GA Privileges a4l Elections.
The Secretary OF the Treasury trans
United to Congress estimates Of the up
preparations required for the fiscal year
ending June 81, 1883. IT, total
amount estimated as required for all the
expenses OF the government is $685.
$50, 793.
The Presidents message contains
5000 words and is devoted 81 ly to ii
discussion u the tariff question.
WAsHIyGToS, Dec. 6, 1857.
Soon after .iLc opening Of the Senate.
that iOdy took recess. to awa!t the com.
ing Of the Presidents message. At i've
minutes past one, General McCook,
Secretary Of the Senate began reading
the mcssaget He concluded at $50,
and the Senate adjourned.
The first business transacted by the
Housa this morning after the opening
was the submission OF amendments 20
the rules. Cox OF New York informed
the House that the President would
communicate with it.
At 1920 u .reccsS was taken until
1910, and 4 subsequent recess was taxi
en- until l:ln. At the expiration of the
recess the Presidents secretary brought
in tine message, an the reading Of it
began immediately.
Washington, Dec. I, 1857.
The Secretary Of he Treasury. in his
annual r-por. submitted to Congress to.
day, says that the io,al ordinary re-
ccipts Of the government during the
year ending June 30. 1857. we've $751;
400, 900, and that tie total ordinary ex-
peuditures were $3l5, S35 900, leaving,
with the amount drawn from the cash
balance in the treasury Of $2i, i5j, 900.
a total Surplus Of $50, 1928, OUD. which
was offered for the redemption of bonds:
The receipt for tie year show au in.
crease Of S3i, 9G5. 600 over the year be-
fore. and the expenditures show an in.
crease Of So. Ii9, OOO.
For the present year the revenues are
estimated a; 3S3, O00.0 900, ami the cxpem.
diturcs At S3lG. 5I7. OOo. leaving All est
mated surplus Of sec, 1872, 600 on June
80. iSSs.
The Secretary estimates the surplus
for the year 1889 ut SO. IGo, 900. The
Secretary says the urgency Of the qucs.
ton Of the surplus revenues is So great
that il should d mnnd the attention Of
both executive branches Of the govern
ment.
The Secretary mentions the following
ways in which the receipts and cx
prniilurss Of The government may be
equrlized: p'
First. The Purrhnse Of the interest
bearing debt of the government.
Second. Larger expenditures by the
government for other purposes than
tine purchase of bonds, so that they
shalt each year equal The taxes Of that
year.
Third. 4 reduction Of the revenue
from taxation 60 the nmouut actually
required To meet the necessary cxPcns.
a..
All Of these expNdients have in com.
mon tho one merit Of preventing n dc.
raugcment TO business which must fol-
low the boarding or locking ~ in the
Treasury Of tho circulating medium OF
the people.
TIE nEsSaEE.